Get the latest DeFi news on lending, DEXs, liquid staking, yield strategies, governance, and the protocols driving on-chain finance.
The developers submitted a proposal to the DAO on Aug. 10 requesting funds to cover payments for development work done over the past 12 months.
Oluwapelumi Adejumo 2 min read 
Some MakerDAO members argued that the proposal could affect the protocol’s decentralization and add another layer of regulatory attack.
A governance proposal on Aave has been passed to suspend ETH borrowing following detailed simulations of high utilization of ETH caused by users attempting to receive an ETHPoW airdrop.
Crypto community members argued that a fee less than $100 would ensure inclusivity for all.
Industry stakeholders reacted negatively to dYdX's verification requests, with some suggesting that the exchange was acting on regulators' instructions.
Kyber Network says the threat has been neutralized, offered the hacker a 15% bug bounty.
The Rari/FEI exploit caused Babylon Finance investment gardens to lose $3.4 million, whch led to users losing confidence and withdrawing 75% of its TVL.
Compound said users' funds are not at risk and it will take seven days to execute a fix proposal.
FBI cited Chainalysis data and said the amount stolen from DeFi increased by 72% compared to 2021.
